Goliath Resources Advances Underground Exploration at Golddigger Gold Project
TL;DR
Engaging JDS Energy & Mining Inc. to evaluate development of an underground exploration adit at Golddigger property provides McEwen Mining a strategic advantage.
The proposed adit at Golddigger property would access the Bonanza Zone, allowing for more efficient year-round underground drilling, geological confirmation, and potential bulk sampling.
The exploration adit at Golddigger property in British Columbia's Golden Triangle aims to improve mining efficiency, which can lead to sustainable resource extraction, benefiting the environment.
Notably, drill hole GD-24-260 returned high-grade gold mineralization, including 34.52 g/t AuEq over 39 meters, showcasing the potential of the Golddigger property.
Found this article helpful?
Share it with your network and spread the knowledge!
Goliath Resources Ltd., a partner of McEwen Mining Inc., has initiated plans to develop an underground exploration adit at its 100%-owned Golddigger property located in British Columbia's Golden Triangle. The project involves engaging JDS Energy & Mining Inc. to evaluate the development of an underground access point targeting the high-potential Bonanza Zone.
The proposed underground adit represents a strategic approach to accessing and exploring a geological area marked by exceptional gold mineralization. Recent drilling results underscore the project's potential, with drill hole GD-24-260 revealing a remarkable 34.52 g/t gold equivalent (AuEq) over 39 meters, including intervals exceeding 130 g/t AuEq.
By establishing underground access, Goliath Resources aims to enable more efficient year-round drilling operations, conduct detailed geological confirmations, and potentially execute bulk sampling. This approach allows for more precise and comprehensive exploration of the deposit, potentially accelerating the project's development and understanding of its economic viability.
The underground adit strategy represents a sophisticated method of mineral exploration, providing direct subsurface access that can yield more accurate geological data compared to surface drilling. For the mining industry, such methodical exploration techniques are crucial in assessing the true potential of mineral deposits and minimizing investment risks.
Curated from InvestorBrandNetwork (IBN)
